Greensboro, NC-- The housing market in Greensboro is making realtors smile.
According to a news release from the Greensboro Regional Realtors Association (GRRA) sales of existing, single-family homes increased almost 11% in 2012 compared to 2011.
The report states that 2,690 houses were sold in the Greensboro area of Guilford County in 2012, up from the 2,426 sold in 2011.
The average time on the market for existing homes sold was 108.9 days, down 8.6% from the average in 2011, according to the report.
The average quality-adjusted price of an existing home sold in 2012 in the Greensboro area was $149,510, slightly more than 2011's $148,731.
GRAA President Nancy Radtke said this about the report: "2012 was the start of the Greensboro housing market rebound." "Homes sales were up compared to 2011 and discounting is declining. Prices are remaining steady and sellers are getting closer to their listing price when the home is priced appropriately. Buyers are continuing to look for a deal."
For more information click on GRRA.